Chennai, Feb. 6 -- With focus on transmission of the repo rate cuts already done, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Friday unanimously decided to wait and watch by hitting the pause button, opined economists.
They also added that another rate cut will have to wait for a long time unless there is a shock to the growth-inflation balance.
The RBI's MPC on Friday decided to retain the repo rate, the rate at which RBI lends to banks-at 5.25 per cent and also its neutral stance, though one member wanted the stance to be changed to accommodative.
"Focusing on effective transmission of rate cuts already taken and being encouraged by a healthy growth trajectory in the economy, RBI's MPC decided to keep repo rate...